In the US the Government is not the economy! When it is that is called socialism. Socialism in the US is the desired result of a minority of the people, those that seek power for themselves at the expense of liberty for all.

As for the poker reference you are both correct and incorrect. In truth it does not matter if you have a boat or not. It does matter if I am willing to put money on the table that I have better cards than do you. Were you to have a full house and I put my money in then you have to decide if I have aces full or four deuces, both of which beat you. However, poker is not a game of facts. It is a game of people.

Quote Originally Posted by Kendal View Post
I'm saying that economics is essentially gambling. You're betting that your money will be worth something in the future.
I agree.

Just because you can make people act as if something is true, doesn't make it necessarily true. It is quite easy for normal, everyday actions, to believe and act as if the world is flat. That doesn't make it so.
You are fiocusing on what is or is not right (fact). I am saying there is in effect no difference between a real fact or a believed fiction. If we are playing poker and you think I have a full house it does not matter if I do or dont, you fold and I take the pot. You can later argue I did not have a full house. I will say whether I did or did not does not matter. You believing I did was "in effect" the same as me having one.

But stand up with a bad toupee and coke-bottle glasses and state that the economy is in the toilet and idiots around the world will panic and make your statement right? That, my friend, is lunacy.
And that my friend is my whole point. It is lunacy but that is what happens. You tell people there is no problem, they believe you, confidence returns in the economy, economy picks up and it becomes a self fullfilling prophecy. In the USA people do not believe the government. In Germany they do. German economy has picked up. American has not. It's all a game of confidence, trust and hokus pokus. It's poker.

We should immediately begin an investigation to see who will benefit from such a panic. I guarantee that Mr. bad toupee will be among them.Agreed. The is what people like George Soros (name) did with the Malaysian currency. Bulk sell, price falls, the herd rush to sell as well, value plumets then George buys back and makes a fortune while the Malaysian market crashes and Asian markets follow suit.

All these economists, financial experts and gurus yet nobody saw the bank collapse coming? How good are they if they cannot see a crash and depression looming. That's like a weather forecaster failing to see a hurricane coming.